Risks to Growth, Earnings, and Markets are all Skewed to the Downside The effects of the conflict in Ukraine are complex and far reaching. Armed conflicts always create first and second order effects (First order effects: actions have consequences. Second order effects: consequences have consequences.) Only in the fullness of time will these effects become […]
Sleeping With the Enemy The U.S. and Europe are now beginning to pay the price for their inability, or unwillingness, to recognize the growing dependence of Western economies on political adversaries. The economic connections between Russia and the U.S. and EU have complicated the situation and have skewed sanctions to the weakside thus far. Sanctions […]
Why A Recession Now May Mitigate Higher Long-Term Inflation Later The Federal Reserve is facing some critical decisions that will likely dictate the direction and pace of the economy over the next several years. Our view of the optimal scenario is where the Fed taps the economic brakes just enough to snuff out persistent inflation, […]
CNBC Worldwide Exchange Interview Palumbo: This is ultimately going to be a year of “sell the rip” instead of “buy the dip”. Please Click Here to view the interview. Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are […]
Fed Policy and Inflation Outlook Make Gold Shine The price of gold is trading near eight-month highs on concerns around inflation as well as the ongoing geopolitical crisis over Ukraine. Philip Palumbo of Palumbo Wealth Management explains why he thinks gold should be an important part of any investor’s portfolio. Please Click Here to listen. […]
CPI Hits 7.5% – What It Means to Us… Headline CPI for January surprised on the upside registering 7.5% vs. expectations of 7.3%. What makes it more of a surprise is that the day before, the ‘whisper number’ was that CPI would come in below expectations. The cause of the higher number is a scheduled […]
Refinitiv Newscasts: Trading at Noon Podcast Please Click Here to listen to Philip Palumbo, Founder, CEO, and CIO of Palumbo Wealth Management as he weighs in on tech stocks and upbeat earnings that have lifted Wall Street. Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or […]
